This week on Inside the Economy with SH&J, we review the driving forces for raising interest rates and inflation including unemployment, consumer debt, and retail pricing. Also covered is the longer-term potential growth slope for GDP. Listen in to hear this week’s discussion, which includes insight on the United States’ dependence on trade and an update on the Eurozone.
As the summer heat rises, the economic news slows down. This week’s Inside the Economy with SH&J focuses on Thursday’s Brexit vote as well as newly released U.S. consumer debt figures. Listen in to find out which U.S. state has risen to the #6 seat in the world’s largest economies and why we likely won’t be seeing interest rate increases this summer.
As media headlines announce “plunging markets” and “warning signs of recession”, Larry Howes gives us the underlying details of the economy we are facing in 2016 and guides our expectations. He comments on the shrinking Federal deficit, consumer debt, and S&P 500 earnings. Why are Americans, on average, continuing to pay down debt, buy new cars, and increase personal savings? How has the interest rate increase affected the markets and consumers? Listen in and find out!
*Please note that during the commentary section, Larry mentions the $1.3 billion student loan market, which in reality is $1.3 trillion. Also, within the slide titled “The Fed trims its Bond-buying” Larry refers to liquidating $4.3 billion of the bond market when he meant to say $4.3 trillion.